Manager, Compliance
Manager, Compliance
Permanent Full-time
Open to any location in Canada (ability to work remotely from home office)
Closes January 5
Annual Salary: $85,526 - $117,598
Innovation Federal Credit Union has a bold ambition. In addition to being Canada's newest Federal Credit Union, we will be the most digital, member-centric organization in our industry. We are on a journey to embrace the core tenants of the digital business model like ideation, the network effect, personalized segmentation, coopetition, and agile ways of working.
We come to work to simplify banking for all Canadians - that's our purpose.
How does this position help fulfil Innovation's purpose? Glad you asked!
The Manager, Compliance will be responsible for enhancing and maintaining the Regulatory Compliance Management (RCM) framework. This role is pivotal in safeguarding Innovation Federal Credit Union and ensuring we meet our regulatory obligations effectively. The Manager, Compliance will not only enhance our operational efficiency but will also instill greater confidence upon stakeholders, ensuring the continued trust and reliability in our institution's commitment to regulatory excellence.
WIIFY (what's in it for you):
- Competitive Salary
- Diverse and Inclusive Culture that continues to evolve
- Flexible work arrangement options
- Strong benefit package
- 7% Superannuation matched contribution program
- Attractive variable incentive program
- Wellness Days to create appropriate work/life balance
- Paid Education opportunities to ensure our members have the most equipped staff helping them
- A purpose driven organization that focuses on the values of Accountability, Integrity and Respect
- And lots more reasons to love where you work and what you do!
What our team is looking for:
- A growth mindset that emulates Model, Coach and Care behaviors in every activity and approach
- A solution mindset that feeds inertia
- An ambassador who's willing to promote our team inside and outside organization
- Somebody who is digitally capable, who wants to dig into new technology with enthusiasm!
- Somebody who can work with occasional ambiguity with focus on process evolution
- A mindset of Solve, Serve, Sell - a problem solver, serving our members directly or indirectly, and selling our brand!
- Somebody to sweat the small stuff, but also see the big picture
- Personality and Energy - a flair for polish, and you bring your own personal, creative touch to everything you do!
What will you do?
- Oversee daily operations of the Regulatory Compliance Management (RCM) program, including legislative and control libraries, risk assessments, control testing, issues management, and reporting.
- In partnership with senior management, prepare and submit compliance reports to internal stakeholders and the Board, involving cross-functional coordination.
- Advise the Business on regulatory compliance, products, programs, policies, and procedures, including new regulations.
- Maintain deep knowledge & understanding of industry developments and practices, regulatory requirements and associated changes impacting the Business.
- Lead and guide stakeholders, ensuring open communication and collaboration.
- Support the development and maintenance of internal policies and controls aligned with applicable industry regulations and reflective of rule changes from various regulatory bodies.
- Oversee business unit compliance, including risk identification, measurement, management, monitoring, and reporting.
- Provide training to the Business Units on emerging issues, regulatory trends, and industry best practices.
- Consider the Bank's risk appetite and culture in daily activities and decisions.
Some things that would impress us:
- Completion of a post-secondary degree in law from a recognized Canadian university or its equivalent preferred; completion of a post-secondary degree in another suitable discipline considered with experience working within a compliance or risk function at a federally regulated financial institution in Canada.
- 4-6 years' progressive experience in legislation and regulatory review, research and compliance, and/or RCM functions.
- Knowledge of Canadian Banking regulatory requirements, including OSFI Guideline E-13, the Bank Act, and the Federal Consumer Protection Framework.
- Strong ability to read and interpret legislation and regulatory requirements is essential.
- Exceptional analytical and communication skills, results orientation, data driven approach in decision making and ability to research.
- Strong project management abilities and attention to detail.
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Interested?
Click the 'Apply now' button!
Innovation Federal Credit Union acknowledges that Indigenous peoples are the traditional guardians of this land that we call Canada. In Saskatchewan we are on treaty lands and these treaties serve to govern our relationships with Indigenous people. We are dedicated to ensuring that the spirit of Reconciliation and treaties are honoured and respected.